Job Description

GFC Sanctions Screening Director


Job Number: 3222671
POSTING DATE: Aug 29, 2022
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Refer to Position Description
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director

DESCRIPTION


Division: Legal & Compliance (LCD)
Super - Department: Global Financial Crimes [GFC]
Department: Financial Crimes
Sub-Department: Financial Crimes
Region: Global
Job Level: Director
Job Title: GFC Sanctions Screening Director
Employment Type: Full Time
Location: Mumbai (Nirlon Knowledge Park)

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence — Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

Morgan Stanley clients and their associated parties are screened to meet AML / KYC requirements. Existing client are subject to ongoing screening against Sanctions lists

Primary Responsibilities (Day Job)

The Supervisor will:

• Supervise a team of SS professionals whose primary responsibilities include:

o Review and monitor alerts on client accounts and transactions for potential matches to designated sanctions targets and prohibited persons lists
o Review incoming/outgoing wire payment/transaction exceptions generated from government watch list alerts, including evaluating and analyzing payments/transactions to determine approval, rejection or the need for further investigation
o Conduct due diligence searches in various third-party and internal databases
o Assist with compliance with USA PATRIOT Act requirements (e.g., CIP, Foreign Bank Certification, Section 312) relating to certain of the Banks' business sectors
o Escalate any possible true hits to the relevant on-shore GFC teams

• Review the quality of work delivered by the team.
• Lead team meetings.
• Having regular catch-ups with regional stakeholders.
• Drive a culture of efficiencies / productivity

QUALIFICATIONS

• Recommend enhancements to AML policies or procedures to ensure continuous improvement to overall AML or Screening processes.

Requirements

Experience

7 + years of Corporate Intelligence, due diligence; experience in the financial or professional services industries
Solid track record working in a professional environment
Bachelor's degree from an accredited college / university
Experience managing a team of AML professionals
Strong oral and written communication skills
Excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units
Ability to research and resolve issues independently while working across teams to acquire information
Ability to use various PC, MS Office and internet applications and tools to support AML processes

Knowledge

Understanding of AML / KYC
Should exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs.
Proficient with MS Office

Skills and Qualities

Team player who can successfully manage multiple projects and priorities
Ability to think independently, form opinions and make decisions
Ability to anticipate ahead of time and escalate issues as appropriate
Pragmatic and analytical problem-solving skills - consistently apply sound judgment
Ability to work as part of a team and adapt to the needs of the team as they arise
Successfully meet established deadline requirements — display efficient time management skills
Possess the ability to research and resolve issues independently
Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units
Have the ability to effectively handle a fast-paced environment
Ability to identify and recommend process efficiencies
Attention to detail

Coverage

Monday to Friday from 9 AM to 6 PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).